Displaying items by tag: CTIEC

Russia: Eurocement Group and China Triumph International Engineering (part of CNBM), have announced a project to build a mechanical engineering plant in the Ulyanovsk region. Total investments are estimated at US$3bn according to regional press. The implementation of this project was decided upon at a meeting of Ulyanovsk Governor Sergey Morozov, Eurocement Group President Mikhail Skorokhodov and representatives of China Triumph International Engineering.

The facility will make equipment for the cement industry as well as equipment for automotive, railway, oil and gas, chemical, defense and nuclear industries.

Skorokhodov said that Eurocement was currently implementing an 'unprecedented' phase of building new dry-process cement plants. It aims to increase its dry cement production ratio to 100% by 2018.

Brazil: The chairmen of China Triumph International Engineering (CTIEC) and Votorantim Group have met to discuss working together on future projects. Peng Shou, chairman of CTIEC, visited Raul Calfat, CEO of Votorantim Group. Votorantim is the parent group of Votorantim Cimentos, Brazil's largest cement producer.

In the meeting the two companies exchanged ideas on the cement industry in China and Brazil and reached a consensus on advancing strategic cooperation, starting with cement and cogeneration projects. The companies decided to promote future communication and exchanges of technical information.

Votorantim Group is a conglomerate engaged in industries including power generation, papermaking, food, metal smelting and cement. It achieved business revenues of US$12bn in 2011. Its subsidiary Votorantim Cimento has over 50 cement production lines in countries and regions like Brazil, the US, Canada and Africa and is further expanding production capacity.